Gildan Activewear (NYSE:GIL) Releases FY 2025 Earnings Guidance

Gildan Activewear (NYSE:GIL) (TSE:GIL) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.380-3.580 for the period, compared to the consensus EPS estimate of 3.480. The company issued revenue guidance of -. Gildan Activewear also updated its FY25 guidance to $3.38-$3.58 EPS.

Gildan Activewear Stock Down 0.8 %

GIL opened at $54.66 on Friday. Gildan Activewear has a twelve month low of $32.23 and a twelve month high of $55.39. The company has a 50-day moving average price of $49.47 and a 200 day moving average price of $47.54. The company has a quick ratio of 0.98, a current ratio of 2.31 and a debt-to-equity ratio of 0.81. The company has a market cap of $8.31 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.74 and a beta of 1.41.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its earnings results on Wednesday, February 19th. The textile maker reported $0.83 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.30). Gildan Activewear had a net margin of 12.26% and a return on equity of 27.49%. The firm had revenue of $822.00 million during the quarter, compared to analysts’ expectations of $805.75 million. During the same quarter last year, the business earned $0.75 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. Sell-side analysts expect that Gildan Activewear will post 3.44 earnings per share for the current fiscal year.

Gildan Activewear Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Wednesday, March 12th will be paid a $0.226 dividend. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.15. This represents a $0.90 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Wednesday, March 12th. Gildan Activewear’s dividend payout ratio (DPR) is currently 32.80%.

Analyst Upgrades and Downgrades

GIL has been the topic of a number of research reports. UBS Group raised their target price on shares of Gildan Activewear from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday. Canaccord Genuity Group boosted their price objective on Gildan Activewear from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets raised their target price on Gildan Activewear from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday. CIBC boosted their price target on shares of Gildan Activewear from $56.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, TD Securities lifted their target price on shares of Gildan Activewear from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $60.00.

About Gildan Activewear

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.